Streetbeat News

Labor Issues

BAC

SPY

Bank of America CEO predicts a 10%-15% increase in investment banking fees for Q2 compared to last year. Additionally, the attrition rate is reported to be half of what it was pre-pandemic.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 3:42 pm

NKE

Nike is implementing layoffs in its Secret Sneaker Archive department as part of a $2 billion cost-cutting plan.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 2:33 pm

HBCP

Home Bancorp, Inc. (Nasdaq: HBCP) has appointed Mark C. Herpin as Senior Executive Vice President and Chief Operations Officer. Herpin brings extensive banking experience to the role.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 1:14 pm

PTLO

Portillo's has announced that its Chief Operating Officer, Derrick Pratt, will be departing from the company effective June 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 12:57 pm

GLD

SPY

The U.S. economic growth for Q1 2024 was revised down to 1.3%, with consumer spending faltering. Inflation metrics were also slightly revised down. Corporate profits contracted, and jobless claims rose. Market reactions included lower equity futures and falling Treasury yields, while gold prices increased.

Portfolio Pulse from Piero Cingari

May 30, 2024 | 12:45 pm

AVD

American Vanguard's Executive Vice President & COO, Bob Trogele, will retire effective May 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 8:14 pm

IKNA

Ikena Oncology Inc (NASDAQ:IKNA) has discontinued its IK-930 program and is cutting its workforce by 53%. The company will focus on developing IK-595 and is evaluating strategic options for its pipeline. Analysts have mixed reactions, with William Blair maintaining an Outperform rating and Wedbush downgrading the stock to Neutral.

Portfolio Pulse from Vandana Singh

May 29, 2024 | 7:33 pm

PAG

UAW workers have initiated a walkout at El Paso Penske Logistics due to the company's alleged refusal to bargain in good faith.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 6:50 pm

JBLU

JetBlue is set to open its first pilot and flight attendant base outside the continental U.S., creating over 400 jobs in San Juan, Puerto Rico. This move is part of JetBlue's expansion strategy and aims to enhance its operational efficiency in the Caribbean region.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 6:03 pm

PFG

Principal Financial Group has launched a 12-month Principal Apprentice Program aimed at individuals without a four-year degree, providing pathways to full-time employment.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 4:56 pm